All Faceless e-Assessments are expected to be completed by mid-September 2020 – MoF As per the press release issued today by of Ministry of Finance, the Income Tax Department is hoping to complete all Faceless e-Assessments by mid-September 2020. The scheme of Faceless Assessment was announced by the …

ICAI to open Additional Examination Centres in view of Covid-19 Pandemic. Uttar Pradesh, Bihar and Madhya Pradesh tops the list with maximum centres  ICAI, in view of the COVID-19 pandemic has decided to open Additional Examination Centres subject to sufficient number of candidates offering themselves to appear. The …

Grievance Resolution between listed entities and proxy advisers. Listed entities may approach SEBI to examine non-compliance with Code of Conduct Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2020/119 August 04, 2020 All listed entities that have listed their specified securitiesAll Recognized Stock Exchanges Madam / Sir, Subject: Grievance …

SEBI Procedural Guidelines for Proxy Advisors related to disclosure, sharing of information and communication with clients. Securities & Exchange Board of India CIRCULAR SEBI/HO/IMD/DF1/CIR/P/2020/147 August 3, 2020 All SEBI registered Proxy Advisors Sir / Madam Subject: Procedural Guidelines for Proxy Advisors 1. Regulation 24(2) read with 23(1) of …

Treating expenses bogus without appreciating replies received u/s 133(6) unfair. AO always expected to examine replies of the recipients of such expenditure. ABACUS Case Law CitationABCAUS 3355 (2020) (08) HC In the instant case, the assessee had filed the Writ Petition under articles 226 and 227 of the …

Penalty 271(1)(b) deleted as assessee had furnished medical certificate of treatment for depression and AO did not bring anything against the evidences of ill-health. ABACUS Case Law CitationABCAUS 3354 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming …